An advance directive covers four areas: nominates a healthcare agent, states your end of life choice, determines who handles the final disposition of your body, and nominates a guardian.
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Do I need to record or file my power of attorney with the court?
An advance directive can ease the stress your family might experience when making medical decisions for you.
A pay on death beneficiary is a beneficiary designation that you can make on bank accounts. This allows for your beneficiary to have quick access to funds without going through the probate process. This can be a huge benefit to your beneficiary, because it gives them funds to pay for funeral arrangements, last […]
Adding your children to your bank account can have costly consequences. Your asset becomes their asset, which means creditors can take advantage of that.
There is a lot of misinformation that
surrounds wills, trusts, powers of attorney, and advance directives, but these
are the most common.
I have a will. I don’t have to go through probate.
Unfortunately, this is a common
misconception. A will does not avoid probate, but it makes the probate process
easier. Probate is the process of authenticating […]
I have many people tell me why they don’t need a will, or how they explained everything to their family so there is no need to write it down. This is the overwhelming belief with regards to wills and other estate planning documents. Unfortunately, telling your children how you want your estate to be […]